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the African Development Bank

Benin Unveils 5-Year Action Plan to Uplift from Poverty

December 20, 2016 Khalid Al Mouahidi 0

Benin’s President Patrice Talon and his government are planning to spend $15 billion to implement a 5-year action plan meant to boost development of the […]

Algeria: AfDB Approves €900 Million Loan to Enhance Industrial Competitiveness

November 4, 2016 Pawla Nibramich 0

Algiers Wednesday saw its SOS message to the African Development Bank (afDB) heeded as the continental financial institution agreed to release €900 million to support […]

Ecobank Gets $310 mln Loan from AfDB

October 11, 2016 Geraldine Boechat 0

The African Development Bank (AFDB) has approved a $310 million trade finance loan for Ecobank Transnational incorporated, parent company of the Ecobank Group, Africanews reported […]

Tanzania Gets $259 mln Funding for Power Grid

October 10, 2016 Geraldine Boechat 0

The African Development Bank and the Japan International Cooperation Agency have granted $258.82 million to Tanzanian government for a high voltage electricity line to connect […]

AfDB to Support El Nino-Hit Countries

May 25, 2016 Khalid Al Mouahidi 0

The president of the African Development Bank (AfDB) Akinwumi Adesina on Tuesday called for action to support African countries affected by drought and climate change […]

Mozambique Ailing Economy Gets Support from AfDB

April 5, 2016 Khalid Al Mouahidi 0

The African Development Bank (AfDB) on Monday said it will disburse $1.7 billion to assist Mozambique, hard hit by the slump in commodity prices. The […]

Morocco: First Plant of Mega Solar Project Inaugurated

February 4, 2016 Pawla Nibramich 0

King Mohammed VI chaired, on Thursday, in Ouarzazate, the official takeoff of Noor I, the first plant of the Ouarzazate solar complex, and launched the […]

Nigeria needs $1 bln budget support loan from AfDB

February 3, 2016 Khalid Al Mouahidi 0

The African Development Bank (AfDB) on Tuesday said the federal government of Nigeria had requested a ‘Budget Support Loan’ of $1 billion to enable it […]

Nigeria: NGOs to launch “Stop the Bleeding” campaign

December 7, 2015 Pawla Nibramich 0

Nigeria is bleeding. But it’s not a physical wound; it’s a financial one, and it’s allowing more to leave in illicit flows – money that […]

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Recent Posts
  • 69th anniversary of Moroccan Army: King Mohammed VI calls for constant adaptation to accelerating world changes
  • Nigeria Records Strongest Economic Growth in a Decade Amid Structural Reforms
  • Mali’s Gold Rush in the Crosshairs: Armed Groups Tighten Grip on Mining Hubs
  • French AFD Supports OCP’s Green Transition Program with €350 Million
  • Mozambique’s Soaring Debt Poses Mounting Fiscal Risks Despite External Relief
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